20 Jun 2014
Rate hike expectations bolstering GBP rally - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, underlines the strength around the GBP backed by the BoE.
Key Quotes
"Sterling reached almost 6 year highs against the USD yesterday breaking the 2009 highs to trade through 1.7050, and has held onto much of the gains overnight:.
"The Pound has been strengthening recently after several members of the BOE, including governor Carney have signalled to markets that interest rates may have to begin rising sooner than had been anticipated."
Key Quotes
"Sterling reached almost 6 year highs against the USD yesterday breaking the 2009 highs to trade through 1.7050, and has held onto much of the gains overnight:.
"The Pound has been strengthening recently after several members of the BOE, including governor Carney have signalled to markets that interest rates may have to begin rising sooner than had been anticipated."